Ins. Code, § 10930.7 · Chapter 9.6. Consumer Operated and Oriented Plans
Ins. Code, § 10930.7
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
A CO-OP insurer is insolvent if its surplus becomes less than the amount of paid-in capital required of a capital stock company to qualify to transact the class of disability and health insurance. The conservation and liquidation provisions of Article 14 (commencing with Section 1010) of Chapter 1 of Part 2 of Division 1 shall apply to CO-OP insurers.
Notes and commentary — not statutory text
History
Added by Stats. 2012, Ch. 859, Sec. 3. (AB 1846) Effective January 1, 2013.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=INS§ionNum=10930.7.
- Text hash
- sha256 2dd83b0bfc012f5a67b37e88b44b20ecbfe33e0d02671d71d0f90d2974ea0c70
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- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
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